CODING: Words stricken are deletions; words underlined are additions.House Bill 0657
Florida House of Representatives - 1997 HB 657
By Representative Boyd
1 A bill to be entitled
2 An act relating to the tax refund program for
3 qualified target industry businesses; amending
4 s. 288.106, F.S.; providing for determination
5 of the "average wage in the area" based on
6 private sector wages only; authorizing the
7 Office of Tourism, Trade, and Economic
8 Development to waive the annual wage
9 requirement imposed as a condition of
10 qualifying for review for participation in the
11 program under certain circumstances; providing
12 an effective date.
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14 Be It Enacted by the Legislature of the State of Florida:
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16 Section 1. Paragraph (b) of subsection (2) and
17 paragraph (b) of subsection (4) of section 288.106, Florida
18 Statutes, 1996 Supplement, are amended to read:
19 288.106 Tax refund program for qualified target
20 industry businesses.--
21 (2) DEFINITIONS.--As used in this section:
22 (b) "Average private sector wage in the area" means
23 the statewide private sector average wage or the average of
24 all private sector wages and salaries in the county or in the
25 standard metropolitan area in which the business is located.
26 (4) APPLICATION AND APPROVAL PROCESS.--
27 (b) To qualify for review by the office, the
28 application of a target industry business must, at a minimum,
29 establish the following to the satisfaction of the office:
30 1. The jobs proposed to be provided under the
31 application, pursuant to subparagraph (a)4., must pay an
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CODING: Words stricken are deletions; words underlined are additions.
Florida House of Representatives - 1997 HB 657
590-100-97
1 estimated annual average wage equaling at least 115 percent of
2 the average private sector wage in the area where the business
3 is to be located or the statewide private sector average wage.
4 The office may waive this average wage requirement at the
5 request of the local governing body recommending the project
6 and Enterprise Florida, Inc. The wage requirement may only be
7 waived for a project located in a county designated by the
8 Rural Economic Development Initiative or in an enterprise zone
9 and only when the merits of the individual project or the
10 specific circumstances in the community in relationship to the
11 project warrant such action. If the local governing body and
12 Enterprise Florida, Inc. make such a recommendation it must be
13 transmitted in writing, and the specific justification for the
14 waiver recommendation must be explained. If the director
15 elects to waive the wage requirement, the waiver must be
16 stated in writing and the reasons for granting the waiver must
17 be explained.
18 2. The target industry business's project must result
19 in the creation of at least 10 jobs at such project.
20 3. The business activity or product for the
21 applicant's project is within an industry or industries that
22 have been identified by the office to be high-value-added
23 industries that contribute to the area and to the economic
24 growth of the state and that produce a higher standard of
25 living for citizens of this state in the new global economy or
26 that can be shown to make an equivalent contribution to the
27 area and state's economic progress.
28 Section 2. This act shall take effect upon becoming a
29 law.
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CODING: Words stricken are deletions; words underlined are additions.
Florida House of Representatives - 1997 HB 657
590-100-97
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2 HOUSE SUMMARY
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Authorize the Office of Tourism, Trade, and Economic
4 Development to waive the annual wage requirement imposed
as a condition of qualifying for review for participation
5 in the qualified target industry businesses tax refund
program under certain circumstances. Provides that for
6 purposes of said requirement the "average wage in the
area" shall be based on private sector wages only.
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